No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in CANTERBURY , 3126 is $2,600,000 this month which means that a mortgage for 80% of that value would be $2,080,000.
Between 2005 and 2011 the population of CANTERBURY, 3126 grew an average of 39.40 people each year. This figure of 1551.40% per annum means CANTERBURY is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,507 less than the median monthly home loan repayment in CANTERBURY, VIC.
The local median household income has increased by $388 which is a theoretical $51,168 available for a CANTERBURY mortgage broker to find a home loan.